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the fiscal cliff or something similar to that. we need to cut taxes. it is important that we do both. i think republicans should be voting on raising taxes a little bit. they will be raising taxes on everybody. because we're coming out of some wars here, we really do not need to be raising our defense at all. that is all i like to see. host: this is richard. he is in garden grove, california. what do you think about the fiscal cliff negotiations? caller: i wish to come to an easy medium. he is going to us to give everyone an incentive. why are they cut it? adjusted 500,000? that is its. -- just a 500,000. that is it. is this is for businesses or for personal assets? people making income or is it just for businesses ta and. everyone is going to have to pay some kind of taxes. you will never explain the cost cutting military. we never understood that. the president has been trying to show the republicans as being the bad guys. both sides are spending in the past. everyone wants to blame. the reserves and the bank's new they're learning about money than they should. it is good for business. now
are 10 hours before we reached the so-called fiscal cliff. that government-imposed deadline for tax cuts, also sequestration. they will go into effect for 2013 unless a compromise is reached. the president says we are close, but there is no final deal. some of our twitter comments -- richard is joining us from ohio. republican line. caller: thank you. i do not understand what is going on with the unemployment rate and everything else. i have been looking for work for nine months now. the only thing around here is dishwasher, stuff like that. my wife is disabled. there is no money in the household. and yet, they keep wanting to go up and up and up. i have no idea what to do to support my family. i know there are millions of americans out there, people in worse shape than i am. i have no idea where to go next. host: richard, have you talk to your members of congress? caller: >> no, i have not. host: do you think any agreement lawmakers make today will make a difference? caller: honestly, i do not think it will make much of the difference. i thought we was doing good. i got injured on my jo
on in congress and the potential fiscal cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the elimination of the tax cuts for the wealthy. as taxes increase, the taxes at my business will be effected and i will have less to pay for investments and new equipment, hiring new people, but personally my income tax rates will go up. it's already a financially constrained environment. but customers tax rates will go up creating less demand for my products and less revenue for me and less tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and eliminate those tax cuts for the wealthiest individuals. if we all look at it and tried to consider what was going to work for the best, we needed to look at consumer demand. consumer demand is in the
early from his christmas vacation to work on avoiding the fiscal cliff, a series of tax increases and spending cuts set to take effect on january 1st. last night, the president called senator mcconnell and other leaders to discuss the need for the senate to act. the senator released a statement saying earlier he is happy to review what the president has in mind, but to date, according to senator mitch mcconnell, the senate democratic majority has not put forward a plan. when they do, members on both sides of the aisle will review the legislation and make decisions on how best to proceed. that in a statement from senator mcvet -- senator mitch mcconnell last night in response to the president as well as the president talking about the need for congressional action. later today, we will hear from house democratic leader steny hoyer. he will give dave rufi -- a briefing at about 2:15 p.m. we will have that live for you here on c-span. this morning on "washington journal" we heard from the chief economist of the national association of realtors, who talked about the fiscal cliff and w
. this is about an hour. >> good morning. good to see you all. another day of fiscal cliff or fiscal curve, whatever one wants to term it. what we do know is the law is about to change, all the tax cuts from the bush era are about to expire. across the board spending cuts, some $1.2 trillion over the next ten years. so these are significant changes in law about to occur absent action by the congress and by the president. first of all, thank you, bob for that kind introduction. thanks for being so persist nt. i'm glad to have the chance now to come. in reflecting for my fair well address in the senate, i thought back to what motivated me to run for the united states senate. about 48 years ago i came to washington as a 16-year-old, sat in the gallery and watched a debate occur on civil rights. and i thought at the time some day i'd like to do that. i'd like to represent my state and i'd like to debate the great issues of the day. and after that trip i went home and i wrote on the back of an informal that i would run for the united states senate in 1986 or 1988 and i ran in 1986 and won what
on the fiscal cliff situation. after his remarks, he answered reporters' questions in the briefing room. this is about 25 minutes. we are in a pro forma session. a promo -- pro forma session is without substance or solutions. millions more returned to work today. after taking off time for their holidays. mr. speaker, we have, as you well know, a long list of expiring items that we must complete before the end of the year or we will have adverse consequences to our people. first, i want to say, mr. speaker, that you are one who has been working very hard to assure that we reach a solution. and i want to thank you for that. some of us are here in this chamber today, but very frankly, all of us ought to be here in this chamber today. all the republicans and all the democrats. working so that our people have confidence that although our challenges are tough, we are at least here trying to reach a consensus on solutions to those challenges. mr. speaker, as you well know, on january 1 middle-class taxes will rise. mr. speaker, you are also aware that we have legislation that has passed the se
Search Results 0 to 5 of about 6